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Originally Posted by Villages Kahuna
I haven't followed the IRS case as closely as you have, and probably not enough. But one question I've had is..."what about the Disney CCD's and the bonds they've issued?"
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Good question. I have often wondered that myself. However, I have not reviewed the operations of Celebration and The Villages side-by-side so I cannot address the similarities or differences. "The devil is in the details." There are also a number of CDD type communities in other states. But, it appears that the IRS' current use of the 10% rule concerning the private security or payment test pretty much singles out The Villages.